Braemar Shipping Services (LON:BMS) Share Price Crosses Below Two Hundred Day Moving Average of $185.47

Braemar Shipping Services plc (LON:BMS) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $185.47 and traded as low as $192.55. Braemar Shipping Services shares last traded at $192.71, with a volume of 13,854 shares changing hands.

Separately, Shore Capital reaffirmed a “house stock” rating on shares of Braemar Shipping Services in a report on Monday, June 24th.

The company has a quick ratio of 0.55, a current ratio of 0.72 and a debt-to-equity ratio of 44.97. The business has a fifty day simple moving average of GBX 185.42 and a two-hundred day simple moving average of GBX 185.47. The company has a market capitalization of $62.24 million and a price-to-earnings ratio of -2.23.

In related news, insider Steve Kunzer acquired 10,000 shares of the firm’s stock in a transaction on Friday, July 5th. The shares were bought at an average cost of GBX 180 ($2.35) per share, with a total value of £18,000 ($23,520.19).

Braemar Shipping Services Company Profile (LON:BMS)

Braemar Shipping Services plc provides shipbroking, technical, and logistics services to the shipping, marine, energy, offshore, and insurance industries. Its Shipbroking segment is involved in the tanker chartering for crude oil, clean petroleum products, liquefied petrochemical gas, liquefied natural gas, specialized tankers, and time charter projects; second-hand purchase and sale, new building, recycling, and valuating; dry bulk chartering; offshore chartering, sale, and purchase; and the provision of research and consulting services.

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